Krishnamurthy Subramanian Appointed As Executive Director At IMF
Former Chief Economic Adviser, on Thursday, was appointed as the Executive Director of India’s International Monetary Fund (IMF) for the period of three years, effecting from 1 November 2022 until further orders. Mr Subramanian, currently a Finance Professor at the Indian School of Business, will replace Surjit S. Bhalla, who was appointed in 2019 for…
India Is Facing 8-hours Blackouts Due To Coal Shortage
India’s electricity demand is rising at the fastest pace in decades, and almost four of its total thermal, nuclear, and hydropower installed capacity is shut down. Due to the emerging power demand, India faces a coal supply shortage, All India Power Engineers Federation (AIPEF) indicated. Coal shortage, along with high temperature, has led to an…